NewsHK
Private equity has largely sat out large software take-privates this year, as concerns over artificial intelligence have made it harder to assess the future value of traditional software businesses.
Against that backdrop, Silver Lake is in talks to acquire Workday, the cloud-based human resources and financial management software company, in what sources familiar with the matter describe as a potential deal that would rank among the largest software buyouts in history.
News of the talks sent Workday shares nearly 18% higher on Thursday.
The Pleasanton, California-based company carried a market value of around $43 billion before news of the discussions became public; the stock closed at $206.45, lifting the market cap to around $51.1 billion.
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